I acknowledge your support and friendship, and I applaud your courage of conviction to speak the fact to power even when it is hard. These nations that chose to stay away from ballot or voted against the resolution at the OAS concerning the scenario in Venezuela, I want you to understand that your choice just furthers injustice and tyranny in the Americas.
It is my.
hope that you will reassess how your vote on these type of issues in the future. Ultimately, all of us have a duty to actively secure flexibility in the Americas, how to get out of wyndham timeshare but that can only require very difficult choices. Mr. Sires. Thank you, Mr. Chairman, for working together on this hearing, and I wish to thank the witnesses for being here today. Thank you extremely much. The Caribbean is frequently explained as America's third border and I agree with this description. With nearly 45 million individuals including 16 independent countries and 14 overseas areas, the Caribbean is a diverse region that includes some of the hemisphere's wealthiest.
and poorest countries. It is a region of terrific economic and cultural, political and security ties to the United States. The U.S.-Caribbean relationship is identified by extensive economic linkages, substantial security cooperation, and continued U.S. Over the previous 3 years, the administration has presented a brand-new effort supporting energy diversity and clean, sustainable energy tasks to improve the region's energy security and to assist it move far from its dependence on oil from Venezuela. Venezuela, which has long subsidized energy expenses to many Latin American and Caribbean nations, should turn inward to rescue itself from economic and political collapse. In the middle of these troubling times we should work.
with our Caribbean partners to diversify energy sources, reinforce their economies, and build on a mutual security interest. On the legislative front, last month your home approved H (Trade credit may be used to finance a major part of a firm's working capital when).R. How to finance an investment property. This act is designed to increase engagement with the Caribbean that requires the Secretary of State to submit a multiyear plan to Congress for U.S. engagement with the Caribbean regions and upgrade on its U.S. diplomatic effort to engage the eastern Caribbean nations. As an international power, the United States deals with obstacles and hazards from every corner of the world. However, it is crucial that we remain taken part in the Western Hemisphere and not forget our interests so close to home. I eagerly anticipate speaking with our witnesses on how the U.S. efforts in the Caribbean can improve and how America can continue to strengthen its partnership with our Caribbean neighbors. Mr. Duncan. I will thank the ranking member, and I will simply say I don't know how lots of other mytimeshareexpert members we are going to have today. We have adjourned for the August recess break and we wished to continue. Knowing that we were going to adjourn, we were ready to continue with this hearing since that is how essential it is to the ranking member and myself, so don't think since no other members appear that it isn't a crucial concern to the committee and to the subcommittee. And I eagerly anticipate speaking with the witnesses who are extremely well understood to the.
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committee so their bios are readily available to us, and I will acknowledge Eric Farnsworth for 5 minutes. ERIC FARNSWORTH, VICE PRESIDENT, COUNCIL OF THE AMERICAS AND AMERICAS SOCIETY Mr. Farnsworth. Well, Mr. Chairman, thank you quite for continuing with the hearing on such a vital subject. Thank you for your leadership in general on these concerns as well as the Caribbean specifically, and Mr. Ranking Member, you also. It is actually important to have a bipartisan voice on these problems and we keep in mind that. We take fulfillment in that and thank you for that leadership, and we ask that that would continue in some way provided the importance of the problems at hand. The United States does have tactical concerns.
in the Caribbean Basin and we don't often discuss it in that way, but in my view they are tactical, from support for democratic organizations-- a few of which are quite vulnerable; a few of which are strong and enduring-- we have security interests including drug trafficking, counterterrorism, the battle against financial criminal offenses, certainly immigration and humanitarian concerns, energy, the environment, economic development; it is an extremely large range of issues to which the United States has interest. Mr. Sires. Thank you. Mr. Chairman. Mr. Duncan. The Chair will now go to Mr. Yoho from Florida. Mr. Yoho. Mr. Chairman, I appreciate you putting this together, and I want to thank you for putting the pivot on our neighbors in the Caribbean. As you have actually mentioned which we have seen, and it is not just this administration, it is probably over the last 20 or thirty years where we have actually taken our eye off the ball in the Caribbean. When we have country states that near us with like cultures, you know, we value the very same things, our household worths, things like that, that near to us, and we take the eye off of that we start losing our competitiveness and timeshare horror stories we have actually seen that.
And it is so important down because location and we want people, you understand, primary is to be protected in that area. And with the conflicts going on worldwide we don't want them to invade because area and unfortunately, we are starting to see that. And I think one of the greatest things is President Maduro, after Chavez, seeing what is going on in Venezuela. And we have seen in the past, when you have self-appointed totalitarians that pertain to power and when they fall there is a vacuum filled. We have actually seen that worldwide.